The Isola, 4-Stack and Oldman projects are located north of the Chinook Project in the Crowsnest Pass in southwest Alberta, near the town of Coleman. These projects all have the potential to host significant steelmaking coal resources.
Montem is currently focused on the development of the Tent Mountain Mine and the Chinook Project, both of which are located on 1976 Alberta Coal Development Policy Category 4 lands. In the future, Montem may look to explore and further evaluate the Isola, 4-Stack and Oldman projects.
The Isola Project hosts an Exploration Target of 275 - 900Mt (JORC) and the 4-Stack Project hosts an exploration target of 65 - 125Mt (JORC).
Greenfield Projects JORC Coal Exploration Targets
|Exploration Target (Mt)|
|Isola||275 - 900|
|4-Stack||65 - 125|
|Total||340 - 1,025|
Isola Exploration Target upper range (larger tonnage) generated using a 600m depth cut-off; lower range (smaller tonnage) generated by restricting the upper range to a 250m depth cut-off and applying a 20:1 stripping ratio.
4-Stack Exploration Target upper range (larger tonnage) generated using a 20:1 stripping ratio cut-off; lower range (smaller tonnage) generated by restricting the upper range to a 300m depth cut-off.
The Exploration Targets have been defined for the Isola and 4-Stack projects in areas where there is insufficient data to estimate a Mineral Resource. The potential quantity and grade of the Exploration Targets is conceptual in nature and it is uncertain if further exploration will result in the estimation of Mineral Resources. The Exploration Targets are not reported as part of any Mineral Resources or Ore Reserves.